In the view of the outbreak of COVID-19 the MCA has given various relaxations and relief measures and to do so has made various amendments. Here are the amendments introduced by the MCA.
A private limited company is a company that is privately held for small businesses. The liability of the members of a Private Limited Company is limited to the amount of shares respectively held by them. Shares of Private Limited Company cannot be publicly traded.
A Debt Security shall be considered as "Green" or Green Debt Securities if the funds raised through the issuance of the debt securities are to be utilized for the project(s) and/or asset(s) falling under prescribed categories like Renewable and sustainable energy,energy efficiency including efficient and green buildings etc.
A negative price suggests, instead of buyers paying the sellers, sellers were paying buyers, $37 per barrel of crude oil, along with the crude oil.The producers (who dig the oil) didn't want it. The refiners won't touch it. And the consumers have no need for it.At the close of trading hours, the Crude OIL WTI future price breached the $0 level.
A charge is stated in Section 2 (16) of the Companies Act, 2013 . There are mainly two classes that charges on a corporation fall into that is Fixed and floating charges
In the wake of pandemonium caused by spread of the COVID-19 virus, several representations have been received from stakeholders with regard to difficulty in holding annual general meetings (AGMs) for companies whose financial year ended on 31st December, 2019 due to COVID-19 has been extended to 30th September
The MCA has given relaxation to the companies whose financial year is ending on 31st December 2020. The MCA has allowed that AGM can be held till the 30th of September 2020.
Fast Track Merger has been introduced with the intention of reducing the lengthy procedure of NCLT for the specified companies.
Compliance Calendar for relaxations in relation to compliance with various provisions due to COVID-19 pandemic
As an onitiative to boost MSME sector by the Ministry of MSME the government is forming Micro and Small Enterprises Facilitation Councils (MSEFCs) have been set up in all States/ UTs.
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